DTE Energy (NYSE:DTE) Price Target Raised to $145.00 at Wells Fargo & Company

DTE Energy (NYSE:DTE) had its price objective boosted by Wells Fargo & Company from $133.00 to $145.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 14.56% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. Mizuho lifted their target price on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Morgan Stanley lifted their price target on DTE Energy from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Barclays boosted their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Down 2.5 %

DTE Energy stock opened at $126.57 on Friday. DTE Energy has a twelve month low of $92.58 and a twelve month high of $131.66. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market cap of $26.19 billion, a PE ratio of 20.72, a P/E/G ratio of 2.29 and a beta of 0.67. The firm’s 50 day moving average price is $125.77 and its two-hundred day moving average price is $117.93.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period last year, the business earned $0.99 EPS. On average, research analysts predict that DTE Energy will post 6.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UniSuper Management Pty Ltd boosted its holdings in shares of DTE Energy by 407.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after buying an additional 8,603 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of DTE Energy by 9.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after acquiring an additional 11,218 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of DTE Energy by 6.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 229,495 shares of the utilities provider’s stock valued at $25,139,000 after purchasing an additional 14,022 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of DTE Energy by 12.6% during the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock worth $42,836,000 after purchasing an additional 42,635 shares during the period. Finally, Founders Financial Securities LLC acquired a new stake in DTE Energy during the 1st quarter worth approximately $802,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.